Price of gallon of diesel jumps another 1.6 cents

The five-week hike in diesel prices coincides with a $2.28 cents a barrel increase in the price of crude over roughly the same time frame. (The Trucker file photo)

WASHINGTON — The average on-highway price of a gallon of diesel rose for the fifth consecutive week for the week ending July 24, posting a 1.6 cent gain to $2.507, according to the Energy Information Administration of the Department of Energy.

The price has gone up 4.6 cents during the past five weeks.

Every reporting region posted an increase led by he West Coast Less California with a 2.2 cent gain and the Lower Atlantic States with a 2.1 cent gain.

The smallest gain was in the New England states where the price rose a mere one-tenth of a cent.

The five-week hike in diesel prices coincides with a $2.28 cents a barrel increase in the price of crude over roughly the same time frame.